#Industowers Stock is looking good, it is in good uptrend, giving trend line breakout also, once the stock breaks 421 levels on daily closing basis, then it will face resistance near our first target zone 348 and then next resistance near our second target zone 384. Keep a stop loss closing below 300. giving a good risk reward.
Indus tower stock trades on indian market is going to ready for break out after six years . It is on rounding bottom pattern . On both weekly and monthly it is ready for break out . On both time frame rsi is also on higher side .
Hello Traders,
Let's delve into an analysis of INDUSTOWER today.
In 2017, the stock exhibited a Double Top pattern, resulting in a significant bearish turn and a substantial drop from approximately 470 levels to 145 as of April 2023.
However, a positive turn occurred when a Double Bottom formed at 145 levels in April 2023 (refer to the chart). Subsequently, the...
Industower has been moving higher after the rumours of telecom policy and finally after the actual policy decision major buying seen with high volumes. We now see a major resistance level breakout today, Buy with targets of 353,432 & 500.
Strong ability to service debt as the company has a low Debt to EBITDA ratio of 0.82 times
Healthy long term growth as Net...
📊 Script: INDUSTOWER
📊 Sector: Telecomm Equipment & Infra Services
📊 Industry: Transmission Line Towers / Equipment
Breakout on Daily Chart
Key highlights: 💡⚡
📈 Script is trading at upper band of BB and giving breakout of it.
📈 MACD and Double Moving Averages are on urge of crossover .
📈 Right now RSI is around 65.
📈 We may see some profit booking into...
Stock as given an breakout from down trend, stock is been in down trend for a long period of time. And also while giving a breakout out we see increase in volume, RSI and MACD. And main thing is stock is trading above 200 SMA. All this point together gives one single is Buy. This is a good stock to have in portfolio.
Indus tower might give a possible up move with a decent stoploss and good Targets
Entry - above 218 or after sustaining between 218-220
STOPLOSS - 213 or 210
Target - 230, 335-240, 245++
Note- if any trade or value that's gone from the marked levels then that's not our trade just let it go.
I'm not sebi registered this is my personal view
This is the best stock to buy this label. Now trained is changed to go up with all indicator showing to buy its best stock to study for fly in the sky.
After a long period of consolidation, on the back of good earnings releases, Indus Towers is ready to break out. DMI also indicates bullish strength with increased volume activity
Entry - 232
Stop Loss - 203
Target - 310
As per previous chart history and present chart pattern, an opportunity is seen to buy this stock above 235.80 or wait for a strong pullback from the no trading zone as mentioned on the chart
Buying can be done on CMP or wait for a reversal pattern from downside
Do your own research before buying this stock as I am not SEBI registered person
Thanks for your...
